In response to Aurelius Capital Management claims that “the worst is yet to come” for Argentina, Cabinet Chief Jorge Capitanich said that those threats are “emtpy and irrational” and described the holdouts as “voracious groups that make up an international mob”.

“We are in the hands of an international financial power that make up an international mob,” Capitanich said. “I hear statements by Aurelius saying ‘the worst is yet to come’. They are empty and irrational threats, given our sovereign condition”.

Besides blasting the Argentine government for being “cynical” and for leading the country to a situation where “the worst is yet to come”, the hedge fund yesterday said that the prospects of fingind a private-settlement solution to the debt dispute had garnered “no realistic prospect” and that “no proposal received was remotely acceptable”.

“The world needs to reflect about this and say ‘stop!’ and put an end to the deliberate action of tiny groups that seek to violate sovereign immunity,” the official said.

He reiterated that the government is defending the nation’s “sovereign interests and dignity” against the vultures.